Houston American Energy Corp. (AMEX: HUSA) stock jumped 10.90% on Wednesday to $3.56 against a previous-day closing price of $3.21. With 0.81 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.88 million shares. During the session, the Oil & Gas E&P company that operates in wider Energy sector, reached to the highest price of $3.6300 whereas the lowest price it dropped to was $3.2600. The 52-week range on HUSA shows that it touched its highest point at $16.61 and its lowest point at $1.07 during that stretch. Beta for the stock currently stands at 0.63.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HUSA was down-trending over the past week, with a drop of -8.72%, but this was down by -28.23% over a month. Three-month performance dropped to -27.35% while six-month performance fell -28.80%. The stock gained 58.22% in the past year, while it has gained 148.95% so far this year.
Float and Shares Shorts:
At present, 9.92 million HUSA shares are outstanding with a float of 8.84 million shares on hand for trading. On Jul 14, 2022, short shares totaled 1.04 million, which was 10.50% higher than short shares on Jun 14, 2022.
Through their ownership of 10.32% of HUSA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.22% of HUSA, in contrast to 23.68% held by mutual funds. Shares owned by individuals account for 13.89%. As the largest shareholder in HUSA with 4.02% of the stake, BlackRock Fund Advisors holds 399,275 shares worth 399,275. A second-largest stockholder of HUSA, The Vanguard Group, Inc., holds 364,117 shares, controlling over 3.67% of the firm’s shares. Group One Trading LP is the third largest shareholder in HUSA, holding 180,623 shares or 1.82% stake. With a 1.39% stake in HUSA, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 137,617 shares are owned by the mutual fund manager. The Bridgeway Ultra Small Company Mar, which owns about 0.69% of HUSA stock, is the second-largest Mutual Fund holder. It holds 68,000 shares valued at 0.3 million. DFA US Small Cap Portfolio holds 0.48% of the stake in HUSA, owning 47,981 shares worth 0.21 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HUSA since 1 analysts follow the stock currently. There are 0 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HUSA analysts setting a high price target of $137.50 and a low target of $137.50, the average target price over the next 12 months is $137.50. Based on these targets, HUSA could surge 3762.36% to reach the target high and rise by 3762.36% to reach the target low. Reaching the average price target will result in a growth of 3762.36% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. HUSA will report FY 2012 earnings on 03/01/2023. Analysts have provided yearly estimates in a range of -$6.88 being high and -$6.88 being low. For HUSA, this leads to a yearly average estimate of -$6.88. Based on analyst estimates, the high estimate for the next quarter is -$0.25 and the low estimate is -$0.25. The average estimate for the next quarter is thus -$0.25.
Summary of Insider Activity:
Insiders traded HUSA stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 15,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 2 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 30,000 while 1,252,500 shares were sold.